EntryPoint Capital LLC Has $141,000 Position in Hudson Technologies, Inc. $HDSN

Key Points

• EntryPoint Capital LLC significantly reduced its stake in Hudson Technologies, Inc. by 58.2% during Q1, leaving it with a position valued at approximately $141,000.
• Several hedge funds, including American Century Companies Inc. and Boston Partners, increased their ownership of Hudson Technologies, indicating continued interest in the company.
• Stock analysts have raised their ratings for Hudson Technologies, with a consensus rating of "Moderate Buy" and an average price target of $8.63.

EntryPoint Capital LLC lowered its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 58.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,803 shares of the industrial products company's stock after selling 31,728 shares during the quarter. EntryPoint Capital LLC owned about 0.05% of Hudson Technologies worth $141,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. grew its position in Hudson Technologies by 9.8% in the 1st quarter. American Century Companies Inc. now owns 868,059 shares of the industrial products company's stock valued at $5,356,000 after purchasing an additional 77,587 shares during the period. Boston Partners boosted its holdings in Hudson Technologies by 18.6% during the 1st quarter. Boston Partners now owns 32,272 shares of the industrial products company's stock worth $199,000 after acquiring an additional 5,065 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Hudson Technologies by 18.5% during the 1st quarter. Russell Investments Group Ltd. now owns 131,228 shares of the industrial products company's stock worth $810,000 after acquiring an additional 20,501 shares during the last quarter. Nuveen LLC purchased a new position in Hudson Technologies during the 1st quarter worth $713,000. Finally, Invesco Ltd. boosted its holdings in Hudson Technologies by 25.4% during the 1st quarter. Invesco Ltd. now owns 59,065 shares of the industrial products company's stock worth $364,000 after acquiring an additional 11,966 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

HDSN has been the topic of a number of analyst reports. Craig Hallum raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective on the stock in a report on Thursday, May 8th. Canaccord Genuity Group raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. B. Riley raised shares of Hudson Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $7.50 to $9.00 in a report on Monday, June 16th. Finally, Wall Street Zen raised shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $8.63.

Hudson Technologies Price Performance

NASDAQ HDSN opened at $9.74 on Monday. The stock has a market capitalization of $425.35 million, a price-to-earnings ratio of 24.35, a PEG ratio of 0.70 and a beta of 0.96. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $10.06. The business's fifty day moving average is $8.66 and its 200-day moving average is $7.14.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The company had revenue of $72.85 million for the quarter, compared to analysts' expectations of $71.67 million. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%. Research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Hudson Technologies Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.

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